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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Sep. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill Intangible assets classified as goodwill are not amortized. The Company performs an annual impairment test of its goodwill during the fourth quarter of each fiscal year, which coincides with the completion of its annual forecasting and refreshing of business outlook process. The Company performed its annual assessment in the fourth quarter of fiscal 2019 and concluded that no impairment charge was required. During the fiscal year ended September 28, 2019, the Company reviewed qualitative factors to ascertain if a "triggering" event may have taken place that may have the effect of reducing the fair value of the reporting unit below its carrying value and concluded that no triggering event had occurred. The following table summarizes the Company's recorded goodwill by reportable segments as of September 28, 2019 and September 29, 2018:
(in thousands) |  | Capital Equipment |  | APS
Balance at September 29, 2018 |  | $ | 30,159 |  |  | $ | 26,391 |
Other |  | (679 | ) |  | (180 | )
Balance at September 28, 2019 |  | $ | 29,480 |  |  | $ | 26,211 |
Intangible Assets Intangible assets with determinable lives are amortized over their estimated useful lives. The Company's intangible assets consist primarily of developed technology, customer relationships and trade and brand names. The following table reflects net intangible assets as of September 28, 2019 and September 29, 2018:
|  | As of |  | Average estimated
(dollar amounts in thousands) |  | September 28, 2019 |  | September 29, 2018 |  | useful lives (in years)
Developed technology |  | $ | 87,209 |  |  | $ | 90,500 |  |  | 7.0 to 15.0
Accumulated amortization |  | (48,718 | ) |  | (45,229 | ) |  |
Net developed technology |  | $ | 38,491 |  |  | $ | 45,271 |  |  |
Customer relationships |  | $ | 35,180 |  |  | $ | 36,131 |  |  | 5.0 to 6.0
Accumulated amortization |  | (31,862 | ) |  | (29,820 | ) |  |
Net customer relationships |  | $ | 3,318 |  |  | $ | 6,311 |  |  |
Trade and brand names |  | $ | 7,219 |  |  | $ | 7,377 |  |  | 7.0 to 8.0
Accumulated amortization |  | (6,377 | ) |  | (6,088 | ) |  |
Net trade and brand names |  | $ | 842 |  |  | $ | 1,289 |  |  |
Other intangible assets |  | $ | 2,500 |  |  | $ | 2,500 |  |  | 1.9
Accumulated amortization |  | (2,500 | ) |  | (2,500 | ) |  |
Net wedge bonder other intangible assets |  | $ | — |  |  | $ | — |  |  |
Net intangible assets |  | $ | 42,651 |  |  | $ | 52,871 |  |  |
The following table reflects estimated annual amortization expense related to intangible assets as of September 28, 2019:
| As of
(in thousands) | September 28, 2019
Fiscal 2020 | $ | 7,196 |
Fiscal 2021 | 5,212 |
Fiscal 2022 | 4,271 |
Fiscal 2023 | 4,177 |
Fiscal 2024 and thereafter | 21,795 |
Total amortization expense | $ | 42,651 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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